Skip to main content

Drug Store

Walgreens | Strong Store Sales & Placer Ranking (Top 93%) | 10.5 Yr NNN Lease

9601 Gibson Blvd SW, Albuquerque, NM 87121

Listing Price: $7,334,000

Cap Rate
6.75%
Tenant Name
Walgreens
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
16,284
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.40

Investment Overview

5 MILE POPULATION: 145,469
• This Walgreens is located in a dense residential infill with 145,469 people in a 5 mile radius.

TOP PERFORMING WALGREENS
• This Walgreens ranks in the top 93% of Walgreens locations in the country and is in the top 77% in New Mexico (Placer.ai).
• According to Placer.ai, 267.1K customers visit this Walgreens per year which ranks this store 483 out of 7,778 Walgreens in the country.

CORNER LOCATION AT AN INTERSECTION | 12,600 VPD
• Located on a hard corner at the intersection of Snow Vista Blvd and Gibson Blvd with a combined traffic count of 12,600 VPD.
• 2.5 Miles off Interstate 40 with 20,095 VPD.

ALBUQUERQUE | MOST POPULOUS CITY IN NM
• Albuquerque is the most populous city in NM and is the fourth largest city in the southwest with 572,864 residents.
• The city is New Mexico’s leading economic center, accounting for half the state’s economic activity.
• The economy is highly diversified, centering on science, medicine, technology, commerce, education, media entertainment, and culture (particularly fine arts); construction, film production, and retail.
• There are 37 major hospitals in Albuquerque that have a total gross patient revenue of $21 Billion per year.
• Home to multiple academic institutions such as the University of New Mexico (25,441 Students) and Central New Mexico Community College (22,278 Students).
• Film studios have a major presence throughout New Mexico; Netflix maintains a major production hub at Albuquerque Studios.

10.5 YEAR COPORATE NNN LEASE
• This is a 16,284 SF Walgreens with a drive thru that has been operating at this location since 2009
• The subject property has a corporate guaranteed NNN Lease with Walgreens that commenced in July 2009 and expires in July 2034. Tenant has fifty, 1-year options periods thereafter.
• The Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure.

INVESTMENT GRADE TENANT
• Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the U.S. and Europe with 9,277 stores in all 50 states.
• Walgreens is publicly traded (WBA: NYSE) with a net worth in excess of $110 billion.
• Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment-grade rated each with a Standard & Poor’s rating of BBB.

Investment Highlights

  • 5 Mile Population: 145,469
  • Top Performing Walgreens
  • Corner Location At An Intersection | 12,600 VPD
  • Albuquerque | Most Populous City In NM
  • 10.5 Year Corporate NNN Lease
  • Investment Grade Tenant

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Financing By

Drug Store

Walgreens | Strong Store Sales & Placer Ranking (Top 93%) | 10.5 Yr NNN Lease

Listing Price: $7,334,000

Cap Rate
6.75%
Tenant Name
Walgreens
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
16,284
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.40

Investment Highlights

  • 5 Mile Population: 145,469
  • Top Performing Walgreens
  • Corner Location At An Intersection | 12,600 VPD
  • Albuquerque | Most Populous City In NM
  • 10.5 Year Corporate NNN Lease
  • Investment Grade Tenant

Investment Overview

5 MILE POPULATION: 145,469 • This Walgreens is located in a dense residential infill with 145,469 people in a 5 mile radius. TOP PERFORMING WALGREENS • This Walgreens ranks in the top 93% of Walgreens locations in the country and is in the top 77% in New Mexico (Placer.ai). • According to Placer.ai, 267.1K customers visit this Walgreens per year which ranks this store 483 out of 7,778 Walgreens in the country. CORNER LOCATION AT AN INTERSECTION | 12,600 VPD • Located on a hard corner at the intersection of Snow Vista Blvd and Gibson Blvd with a combined traffic count of 12,600 VPD. • 2.5 Miles off Interstate 40 with 20,095 VPD. ALBUQUERQUE | MOST POPULOUS CITY IN NM • Albuquerque is the most populous city in NM and is the fourth largest city in the southwest with 572,864 residents. • The city is New Mexico’s leading economic center, accounting for half the state’s economic activity. • The economy is highly diversified, centering on science, medicine, technology, commerce, education, media entertainment, and culture (particularly fine arts); construction, film production, and retail. • There are 37 major hospitals in Albuquerque that have a total gross patient revenue of $21 Billion per year. • Home to multiple academic institutions such as the University of New Mexico (25,441 Students) and Central New Mexico Community College (22,278 Students). • Film studios have a major presence throughout New Mexico; Netflix maintains a major production hub at Albuquerque Studios. 10.5 YEAR COPORATE NNN LEASE • This is a 16,284 SF Walgreens with a drive thru that has been operating at this location since 2009 • The subject property has a corporate guaranteed NNN Lease with Walgreens that commenced in July 2009 and expires in July 2034. Tenant has fifty, 1-year options periods thereafter. • The Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. INVESTMENT GRADE TENANT • Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the U.S. and Europe with 9,277 stores in all 50 states. • Walgreens is publicly traded (WBA: NYSE) with a net worth in excess of $110 billion. • Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment-grade rated each with a Standard & Poor’s rating of BBB.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

Financing By

MM Texture Background
MM Textured Background Lower